Jan '06
The company is in hurry and does not appear to wait till all the infrastructure facilities at the proposed site were in place.
It has also acquired more than 50,000-square feet of constructed space in Vizag SEZ besides forming a Special Purpose Vehicle (SPV) with a Rs50-crore corpus, officials informed.
The proposed SEZ will be shared by Brandix Lanka and government with 76 and 24 percent equity, respectively.
About 60000 jobs are likely to be generated by this export-oriented apparel city.
Brandix is said to involve 15 other global companies with 100 percent foreign direct investment.
It should be mentioned here that Brandix Lanka Chief Executive Ashroff Omar signed an MoU in July 2005 with the state industries department to develop a garment city in Atchyuthapuram mandal in Visakhapatnam district.
Must ReadView All
Apparel/Garments | On 22nd Jun 2018
EU's retaliatory duty on US apparel takes effect
As part of the three-pronged response outlined by the European...
Textiles | On 22nd Jun 2018
NCC applauds House passage of farm legislation
The National Cotton Council (NCC) of the US has welcomed the passage...
Apparel/Garments | On 22nd Jun 2018
UK launches inquiry on sustainability of fashion industry
The Environmental Audit Committee of the UK Parliament has launched...
Interviews View All
Representatives
Textile & apparel industry
GST is a complicated and lengthy process
Veronique Lee
Modavanti
‘Sustainable fashion is trending upwards, slowly but surely, as people...
Dinaz Madhukar
DLF Emporio and DLF Promenade
‘Each event and promotion is planned out keeping in mind the business of...
Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...
Textile Events is one of the largest textile fair in the United Kingdom,...
For.Tex is an Italy-based leading producer of dyes and thickeners, and is...
Johan Berlin
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Marten Alkhagen
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Kerem Durdag
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Sidharth Sinha
Sidharth Sinha
<b>Sidharth Sinha</b> has contributed to the successful rebirth and...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Cigdem Akin
Cigdem Akin
She has carved a niche for herself as the national brand of Turkey. Her...
Leave your Comments
Recommended
